As part of ongoing efforts to maintain a secure, efficient, and high-performing trading environment, OKX will be delisting several perpetual contracts in the near future. This strategic move is designed to streamline the trading experience, reduce market fragmentation, and help users better manage risk in dynamic crypto markets.
If you're currently holding positions or monitoring any of the affected contracts, it’s essential to understand the timeline, implications, and recommended actions. This article provides a clear breakdown of what’s changing, when it will happen, and how you can prepare—ensuring a smooth transition with minimal disruption to your trading strategy.
Upcoming Perpetual Contracts to Be Delisted
The following USDT-margined perpetual contracts will be officially delisted on June 5, 2025, at 4:00 PM (UTC+8):
- JUSDT
- SWEATUSDT
- PUFFERUSDT
- MOVRUSDT
- SUNDOGUSDT
At the specified time, trading for these contracts will be suspended. All open orders will be automatically canceled, and any remaining positions will be settled using a standardized process to ensure fairness and transparency.
👉 Discover how OKX ensures secure and transparent contract settlements during delistings.
How Delisting and Settlement Will Work
When a perpetual contract is delisted, OKX follows a well-defined settlement protocol to protect user interests:
- Final Settlement Price: The closing price will be calculated as the arithmetic average of the OKX index price during the hour preceding delisting (from 3:00 PM to 4:00 PM UTC+8).
- Price Manipulation Safeguards: In the unlikely event of abnormal index price movements or potential manipulation during this window, OKX reserves the right to adjust the final settlement price to a fair and reasonable level.
- No Funding Fees at Delisting: The funding rate for the final period (4:00 PM) will be set to 0%, meaning no funding payments will be charged or credited. This amount will not appear in your funding fee history.
- Zero Additional Costs: There are no fees associated with position liquidation or settlement during delisting—no transaction fees, no delivery fees, and no hidden charges.
This systematic approach ensures that all users are treated equitably, regardless of position size or entry point.
Risk Management Recommendations Before Delisting
Market volatility often increases as delisting dates approach, especially for lower-liquidity contracts. To protect your capital:
- Reduce Leverage: Lower your effective leverage to minimize liquidation risk during sharp price swings.
- Close Positions Early: Consider closing your positions before the deadline to avoid exposure to last-minute volatility.
- Monitor Index Trends: Keep an eye on the underlying index price trends in the final hours before delisting.
Taking proactive steps now can help you avoid unexpected losses and maintain control over your trading outcomes.
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Post-Delisting Account Restrictions
For risk management purposes, users who hold unsettled positions with a value exceeding $10,000 USD at the time of delisting will face temporary restrictions:
- Asset Transfer Freeze: All asset transfers (including withdrawals and internal transfers) will be suspended for 30 minutes after delisting.
- Automatic Restoration: Access will be automatically restored after the 30-minute window, with no further action required.
This measure helps ensure settlement integrity and prevents potential abuse during the critical post-delisting period.
Accessing Historical Data After Delisting
Even after a contract is delisted, OKX continues to provide full transparency:
- Order History: All past orders for the affected contracts remain accessible.
- Billing Records: Funding fees, trade executions, and P&L details are preserved.
- Data Export: Users are encouraged to download their historical records via the desktop Order Center before or shortly after delisting for personal backup.
Storing your own records ensures you have long-term access for tax reporting, performance analysis, or audit purposes.
Adjustments to Risk Parameters Ahead of Delisting
In preparation for a smooth delisting process, OKX may temporarily adjust certain risk controls for the affected contracts:
- Price Band Limits: Expanded or modified to accommodate increased volatility.
- Liquidation Mechanisms: Enhanced monitoring to prevent cascading liquidations.
- Mark Price Updates: More frequent updates to ensure accurate margin calculations.
These changes are designed to maintain market stability and protect traders from unfair liquidations due to temporary price dislocations.
Why Does OKX Delist Perpetual Contracts?
Delisting underperforming or low-liquidity contracts is a standard industry practice. It helps:
- Improve overall market depth for active pairs
- Reduce operational complexity
- Enhance price accuracy and execution quality
- Focus resources on high-demand trading products
By periodically reviewing contract performance, OKX ensures its offerings remain aligned with user demand and market conditions.
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Frequently Asked Questions (FAQ)
Q: What happens if I don’t close my position before delisting?
A: If you hold a position at the time of delisting, it will be automatically settled using the average index price from the previous hour. No action is required on your part, but you won’t have control over the exit price.
Q: Will I be charged a fee when my position is settled?
A: No. There are no fees—funding, transaction, or delivery—applied during the delisting settlement process.
Q: Can I still view my trade history after the contract is gone?
A: Yes. All historical orders and billing records remain available in your account. We recommend downloading them via the desktop Order Center for safekeeping.
Q: Why was my asset transfer blocked after delisting?
A: Transfers are temporarily restricted for users with large unsettled positions (over $10,000) to ensure settlement integrity. Access returns automatically after 30 minutes.
Q: Will these contracts ever return?
A: There are no current plans to relist these contracts. However, new listings are regularly evaluated based on market demand and ecosystem development.
Q: How will I be notified about future delistings?
A: OKX publishes official announcements at least 48 hours in advance via its platform and official channels. We recommend enabling notifications to stay informed.
By understanding the delisting process and planning accordingly, traders can navigate these changes confidently. OKX remains committed to delivering a secure, transparent, and user-first trading experience across all its financial products.